Workflow
Bullish Reversal
icon
Search documents
Crude Oil Price Forecast: Consolidates as Bears Press Key $62 Support
FX Empire· 2025-08-19 20:58
Support and Downside TargetsThe recent swing low of $62.19, recorded last Wednesday, marks critical near-term support. A decisive break below that level would confirm a continuation of the broader bearish trend. The next lower target is projected in a price zone between $60.66 and $60.60, which aligns with both a 78.6% Fibonacci retracement and a 78.6% measured target from a falling ABCD pattern. Beyond that, a 100% projection of the same ABCD structure points toward $57.71 as a deeper bearish objective.Sig ...
Crude Oil Price Forecast: Potential Bullish Reversal Emerges After Sharp Decline
FX Empire· 2025-05-01 20:47
EnglishItalianoEspañolPortuguêsDeutschالعربيةFrançaisImportant DisclaimersThe content provided on the website includes general news and publications, our personal analysis and opinions, and contents provided by third parties, which are intended for educational and research purposes only. It does not constitute, and should not be read as, any recommendation or advice to take any action whatsoever, including to make any investment or buy any product. When making any financial decision, you should perform your ...